Two other holes also posted good grades, with 4.90 grams gold over 13 metres from 193 metres downhole including 24.49 grams gold over 1.9 metre in MA-18-337, and 4.96 grams gold over 9 metres from 158 metres downhole including 18.21 grams gold over 1.7 metres.The four deposits occur over a 20-km system of gold-bearing veins to date, and there has been little detailed exploration on the 24,000-hectare property

The results will be added to a resource update for a prefeasibility study.

This year the company has added 844,000 ounces of gold in the measured and indicated category and 519,000 ounces of gold in the inferred to its total overall resource for Valentine Lake.

The gold camp has four known, near-surface, mainly pit-constrained deposits with measured and indicated resources of 45.15 million tonnes grading 1.85 grams gold for 2.69 million ounces of contained gold and another 26.86 million inferred tonnes grading 1.77 grams gold for 1.53 million ounces of gold.

The lion's share of resources are in the Marathon and Leprachaun deposits, which also contain resources below their pit shells, and both open to depth and on strike. Gold mineralization has been traced down over 350 metres vertically at Leprechaun and almost a kilometer at Marathon.

The four deposits found to date occur over a 20-km system of gold-bearing veins, and the company notes that there has been little detailed exploration on its 24,000-hectare property.

Marathon Gold's shares currently trade at $0.73 within a 52-week range of $0.65 and $1.28.

The company has about 160 million common shares outstanding for a market cap of $116.5 million.